In this episode, expert money managers dissect the U.S. and China’s escalating trade tensions, casting a spotlight on NVIDIA’s chip dilemma and its broader implications. Beyond the trade rifts, delve into the resilience of market contenders like gold and Bitcoin. Gain valuable insights into potential negotiation breakthroughs and how these might change the financial landscape. Stay ahead by understanding the strategies that can navigate these uncertain waters.
He’s been seen on CNBC, the Fox News Channel, and the Fox Business Channel. His articles can be found on MarketWatch, Seeking Alpha, TheStreet.com, and many other places. He’s the author of the weekly Best Stocks Now newsletter and the inventor of the Best Stocks Now app. He’s president of Gundersen Capital Management. Here is professional money manager Bill Gundersen.
SPEAKER 05 :
And welcome to the Wednesday. It is the Wednesday midweek edition of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. And I’m here with Barry Kite, our chartered financial analyst. And it looks like we’ve got a bit of an NVIDIA problem here today. But I think it will smooth out. It’s caught up in the trade war. The NASDAQ down 2.1% today after several good days in a row. The Dow is down 251. That’s 62 basis points. NVIDIA is a big component of all three indexes, and that includes the S&P 500, which is down 70 points right now. It is down 1.3%. Russell 2000 doing the best. Why? Because NVIDIA is not a part of that index. Russell is down 0.5%. We’ve got the 10-year. Last time I looked, it was dead even with yesterday. It’s at 4.32%. Gold is soaring to another new all-time high. It is today at $3,328 per ounce. And last but not least, we’ve got Bitcoin. And Bitcoin is down 1556 to 84,010. So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. I’m here with Barry Kite, our chartered financial analyst. And, you know, we’ve had a lot of good days in a row in the market. Yesterday we were down a little bit, but we had a good day. A lot of the former leadership stocks did very well yesterday. Netflix was a standout yesterday. Nvidia did very well yesterday. uh… and the palantir wow that i sent out uh… three charges suggested here’s the best chart in the market right now here’s the second best chart in the market right now and here’s the third best chart in the market right now and that’s after looking at uh… almost eight hundred that different charts so even though the market was down a little bit yesterday uh… we had a very very good day Gold stocks on fire once again. That seems to be the Trump play. When you look at everything here, Barry, gold has been probably the best performer since Trump came in. It seems to like tariffs. Put that down, something I’m learning here. What does gold usually react to? Well, we’ve never had a tariff war like we’re having right now. Gold obviously likes tariffs. Keep that in your playbook for the next time a tariff war comes around. The banks, you know, reported earnings. I think they’ve all been pretty good here so far. I haven’t seen any issues. This is April 16th. Do you know where your tax return is? Do you know where your CPA is? That’s even a better question, Barry. How would you like to be a CPA? Did you ever consider that as a profession?
SPEAKER 06 :
Never. On the accounting side, as an analyst, especially even at early finance, you dove into as little accounting as possible, particularly the You know, the cash accounting with the, you know, financial statements are one thing, but making all the book logs, right, the credits and debits, right? I love it. That’s where, yeah, that part was, you know, pretty tedious, of course. And then, you know, computer programming came along for…
SPEAKER 05 :
Yes.
SPEAKER 06 :
For some of that stuff, but, you know, it was always, they never wanted to go the CPA route, though it’s been lucrative for a lot of those.
SPEAKER 05 :
Yeah, I just never wanted that stress of I’ll come and do it once. Of course, nowadays, you know, you file the extensions and it’s not. I guess that’s always been around. I don’t know. But it seems like a very stressful business. All the CPAs I knew, about April 17th, you wouldn’t see them for a couple weeks. They’d be recovering from the onslaught. But I do love accounting. I mean, I would say that’s one of the things. that I truly enjoy because I love the spreadsheets involved. Okay, well, stock indexes are down. I’m going to blame mostly NVIDIA here. And all of a sudden, NVIDIA is being used as a trade chip. There’s some bad news on the trade front today, but I would say that the good news on the trade front overwhelms because there is light now at the end of the tunnel, which we’ll talk about here in a moment. But the news today is Trump says Nvidia’s H20 chip is being blocked from going to China. So H20 is the next level below the Blackwell and we thought it was free and clear, right? Weren’t we talking about the H-20?
SPEAKER 06 :
Well, yeah, there’s the H-20, and that was the one that they kind of reconfigured as a quote-unquote dumbed-down version. China compliant. Right, of the Blackwell, right? So it’s a notch under it. I mean, it’s no different than, I think, different weapon systems we’ve sold over the years where ours might carry a bigger payload than the one you sell overseas. But not much different than that. But from a computing standpoint, right, it’s, you know, yesterday what was the rare earth minerals, right? Of course, today, right, is the chips.
SPEAKER 05 :
We’ve had Boeing caught up in it. Yeah, the rare earth minerals. You know, it’s just been almost… I’ll see your rays and I’ll raise you. And that’s the way it’s been. It’s been escalating. But there does seem to be good news on that front, which we’ll talk about here in a moment. Jerome Powell is expected to speak later in the day. I personally am not a Jerome Powell fan. I think he’s done okay. But I was kind of like Bernanke. I thought he did a really good job, especially, I mean, he was made for that crisis that we had. You know, he came along because that’s what he had specialized in in his studies were, you know, studies of crisis management.
SPEAKER 06 :
action by the fed and i still have some fond memories of all you know greenspan of course you know eventually you know people you know some folks will kind of blame some of the the financial crisis uh kind of falls in his lap but you know in reality to me it’s whoever was making those uh uh those those different uh mortgage-backed securities that really kind of yes kind of did things in but
SPEAKER 05 :
Well, OK, so as you know, the impact of this NVIDIA news is they’re going to I think they announced it already that they’re going to write down like five or six billion dollars, which is a one time extraordinary item. There’s an accounting term. And I think that most people were caught by surprise. I think most analysts expected this to happen, but to be effective immediately with just three weeks, let’s see, we got, let’s see, the nature of the curve is more disruptive than expected, said Morgan Stanley analyst Joseph Moore. He said that $5.5 billion of inventory would have driven $12 billion in revenues at gross margins of approximately $0.60. I think it comes down to $0.23 a share for NVIDIA. But like we’ve been saying. During COVID, there was a time when the market was pricing in, COVID never leaving, okay? And today, there’s a pricing in the market and there’s a sentiment in the market from some, maybe the majority, that the taxes are going to remain or the tariffs are going to remain and the restrictions, the Rare Earth, the Boeings, the NVIDIAs are going to remain where they’re at today. And we’re in the middle of a book that is being written, and each chapter is being added every single day. We haven’t reached the climax yet. Hopefully we’ll have a happy ending and everyone lived happily ever after, which I think is going to happen eventually. And I have more reason to believe that today than ever before because China has named a new negotiator to negotiate, okay? It was the cold shoulder. It was the silent treatment. It was the escalation. And today, the headline on Yahoo Finance was China signals willingness for trade talks if the U.S. shows respect. And they name a trusted point person. Now, I see that as major progress. Okay, this is the first time that China is saying, okay, maybe we’re ready to negotiate here. They’re demanding a series of concrete steps from U.S. President Donald Trump’s administration before it agrees to trade negotiations. I remember when they used to argue about the shape of the table. You remember that in the peace talks? They couldn’t decide on a rectangular table or a circular table. So China wants to get the ground rules in place, and now they’re ready to talk. I see that personally as major progress. Major, major progress. We’ll be right back.
SPEAKER 1 :
Music
SPEAKER 05 :
Dan, welcome back here to the second quarter of today’s Best Stocks Now show. So here’s what it’s going to take to get the two sides to come up with a, hopefully, a landmark. I mean, I can see the headline now, and I hope this isn’t wishful thinking, but a landmark deal between China and the U.S. that benefits both sides. I mean, look, China’s good at a lot of things we aren’t good at, and we’re good at a lot of things China isn’t good at. And if the two sides could come together and find a happy medium. We could be very good partners instead of adversaries with one another. Among the key conditions is a call for greater respect in diplomatic discourse. Specifically, Beijing wants the Trump administration to curb disparaging remarks made by members of the U.S. Cabinet. Okay, well, I mean, that’s all of them. I mean, I suppose that’s Navarro and that’s, you know, right on down the line, all of the negotiators, they don’t want to have disparaging remarks, which I think is true in any kind of a negotiation where you’re trying to bring peace and drive out contention. In addition, China is seeking more consistency in Washington’s trade position. and a willingness to address China’s concerns around American sanctions and Taiwan. Okay, so they want to address Taiwan. And they want to address the sanctions that have been placed on them and certain things. And the more consistency, well, I just look at it, it’s been escalated. There can’t be any consistency until there is consistency, until the two sides start coming together. Because right now it’s just kind of an escalating kind of thing. And it’s a negotiation that’s taking place. It’s the art of the deal, I guess you would say. Furthermore, Beijing also wants the U.S. to designate a clear point person. for trade negotiations. You know, I sure like this guy, Witkif. Let’s see, I’m trying to think. He is really a diplomatic, Witkof, I think, a very nice person, very well-spoken. I’ve heard several interviews with him. He’s been sent to talk to Putin. He’s been sent to talk to Zelensky. Maybe he can help bring about a grand deal. But I don’t think they want to deal with Navarro. I don’t know that they want to deal with Hegseth or whoever else. They want to know who they’re going to deal with. They want to meet face-to-face. This is all progress. This has just happened this morning or yesterday. I mean, China’s markets, I think they’re eight hours behind us or something like that. Usually, if I can’t sleep, I listen to Bloomberg Asian Markets. That’s always thrilling.
SPEAKER 06 :
That will put you to sleep.
SPEAKER 05 :
If nothing will put you back to sleep, Bloomberg’s Asian Markets will, and you’ll learn a little about the Asian economy and culture and stuff in the meantime.
SPEAKER 06 :
And you’ll get an infomercial after when you run that one out.
SPEAKER 05 :
Yes, okay. So that’s what they’re asking for, all right? And so, look, this is a major step forward because until this, we had nothing, nothing. Trump says U.S. is raking in a record number from the tariffs, okay, points to lower inflation. So far, the sellers, the companies that are selling the goods seem to be absorbing the tariffs so far. But something’s got to give here pretty soon. In the meantime, China’s Q1 GDP growth, 5.4%, tops estimates. Well, we know why. We’ve explained that. Because there’s been a lot of stocking up on Chinese goods before the tariffs hit. I would say that they’re going to not have 5.4% in the quarter that we’re currently in right now. And in the meantime, the U.S. retail sales beats consensus up 1.4%, which I thought was pretty good. So there seems to be no weakness amongst the U.S. consumer right now. So far the earnings season, everything good so far. I haven’t seen anything. In fact, almost every one of the banks came in with better than expected earnings. Today we’ve had ASML report. We’ll get to that. We saw good reports today from Travelers. We saw good report today from Progressive. Those were kind of the two big ones. This morning. Tomorrow will be Netflix. And Netflix had a monster day yesterday. It was the chart of the day yesterday, along with a couple others. There were three that I sent out yesterday. Okay. U.S. lowers the estimate of the aid provided to Ukraine. Well, we’ve heard a lot of numbers thrown around. of how much we’ve given to Ukraine. Well, there’s been some kind of an accounting done and the United States has now cut its cost estimate for the assistance provided to Ukraine since Russia’s invasion in 2022. So this is three years, two and a half years. It’s $100 billion. First, we were saying $300 billion. There weren’t good records kept from the records that we have. Of course, we don’t have records of where the money went, how it was spent, blah, blah, blah. But it’s only a cool $100 billion, which is a tenth of a trillion. That’s nothing to sneeze at. Ukraine said it was $90 billion, and we now have settled on a number of $100 billion. The U.S. has been Kiev’s largest supporter by far. since Russia’s full-scale invasion of Ukraine. Now, I haven’t seen much progress there. I know that they continue to talk, and they continue, but, you know, Putin has the upper hand right now, and he’s defeating them, and he’s thinking, why should I come to the table at this point in time? So you’ve got that. Tariff turmoil raises year-end gold forecast from some analysts to 3,600. Well, we’re almost there. We’re getting there very quickly. We do own, for the first time in a long time, several big positions in gold. in our portfolios. The S&P formed a death cross yesterday. Okay, I want to talk about that for a minute. That is a technical indicator, and it’s indicated by the name. It’s not a good thing, death cross. A death cross is when the 50-day moving average crosses below the 200-day moving average. I’d have to go back and look the last time when that happened, and normally that would be kind of a technical sell signal on the market. But having said that, no two death cross are the same. A true death cross, in my opinion, is when you’ve got a weakening economy, GDP falling, earnings estimates, and we’re headed into recession, and then a death cross. And the same is true for the golden cross, when the 50 crosses above the 200 day. If it’s on a short-term event, that doesn’t mean as much. I saw some golden crosses here yesterday. not too long ago in the inverse funds on Europe and the emerging markets those were false signals because Europe and the emerging markets went on to erase those and reverse those to golden crosses very quickly and I would look at this death cross not as seriously as I would other death crosses because This is an event-driven death cross, and I believe that this is a temporary event. I don’t believe that a year from now, the tariffs on China are going to be 240% or whatever they are, and the tariffs against us are going to be 100%. I believe that things are going to be resolved. So an event-driven death cross like we have is different from a recession.
SPEAKER 06 :
This is Barry Kite with Gunderson Capital.
SPEAKER 05 :
This is Bill Gunderson. Thank you for tuning in to today’s Best Stocks Now, Best Inverse Funds Now show. I put several hours of research in during the wee hours of the morning each day to bring you the very best cutting-edge stories that I can. To get two free weeks of my newsletter, go to GundersonCapital.com. To talk to us about our fee-based only money management services, call us at 855-611-BEST. Now, back to the second half of the show.
SPEAKER 02 :
And welcome back here to the second half of the Best Docs Now show with professional money manager Bill Gunderson and
SPEAKER 05 :
Chartered financial analyst, Barry Kite. Okay, let’s go back to the death cross just for a minute. This is the first occurrence of the death cross in the benchmark S&P 500 since March of 2022. Where were you in March of 2022? That’s the year we became very, very defensive in the market. We had had the boom year, the last nine months of 2020, the COVID year. Then we had all that COVID money sloshing around, Barry, and 2021 was red hot.
SPEAKER 06 :
And 2021 was an odd one because it was supposed to be when the Fed began raising rates, but you had Omicron, remember, push it off. And then, of course, 2022 is when you had all that medicine kick in.
SPEAKER 05 :
So that was a true death cross in my book. In March of 2022, we became defensive. Then we put all in on the NASDAQ in January of 2023. So that’s the last time we had a death cross. I would say that’s not so much event-driven. That was a cycle in the Fed. That’s much more than a one-time occurrence. Cycles by the Fed of tightening or easing are very big factors in the market. So for me, that death cross, which is much more meaningful because it was brought about by the Fed’s intention to raise interest rates, which has a huge impact on the market. The NASDAQ was down 30% that year. Okay, now today’s death cross, and by the way, the history of death crosses, you can kind of… Flip a coin because historical data shows that only 46% of such patterns have proceeded with deeper losses. That’s according to Reuters. So it’s 50-50, but… I think what is causing what’s behind the death cross increases the probabilities a lot. If it’s a falling earnings accompanied by a death cross, that is much, much more meaningful than a one-time event. Who knows how long this event is going to be, this tariff thing. It’s going to be resolved.
SPEAKER 06 :
And statistically, right, I think we talked about this, when you have the VIX over 40, you know, essentially 12 months later, the market’s up 90, I think it’s 96% of the time.
SPEAKER 05 :
Yeah, we had that recently.
SPEAKER 06 :
And so you have, you know, that’s kind of, you know, almost, that’s almost representative of what you’re saying in terms of it being, you know, more of a quote-unquote event-driven rate than… some persistent earnings. People forget that you had certain things, even in the financial crisis, that just led up to you know, the Lehman event. But a lot of it was, you know, death by a thousand cuts where it was, okay, banks, they’re going to, you know, they took a loan loss. Well, then the next quarter, guess what? They took another loan loss, right? And it was like, okay, well, how far are the losses going to go? And, you know, and of course the market follows earnings, as you said, and then you’ve had the biggest earnings boom ever. you know, since that time period.
SPEAKER 05 :
Absolutely.
SPEAKER 06 :
But where we’re at here, none of it was earnings driven, at least not yet.
SPEAKER 05 :
Not yet. Okay, now I keep a list in my head of people in the market, and you’ve heard me talk about the many times the listeners have of analysts and so-called experts and chief investment officers that I pay very little attention to. because they’ve been wrong more often than not way more almost always wrong it would seem and others i pay a lot of attention to you know i like to follow people that are right most of the time so put this one on one that i like because i agree with this totally this is bank of montreal right bmo isn’t that bank of montreal Their chief investment officer, Yung Yu Ma, probably Taiwanese. He says that a market bottom is likely in place, but smooth sailing not guaranteed. 100% I agree with that. He says he was interviewed yesterday on CNBC. He is cautiously optimistic on the stability of the economy and market conditions. And that’s another reason why I kind of discount this death cross that was made here recently in the S&P 500. In an interview with CNBC, he noted that the markets have settled down a lot following earlier volatility. I mean, we could still have a 1,000-point day, but there for a couple weeks, Barry, every day was 1,000 points. leading to severe stomach troubles and acid indigestion, pointing to the 10-year Treasury yield at 4.35. And as you talked, the VIX has now settled down to 30. It hit 50, actually. He thinks consumer spending will hold up reasonably well. Well, we got evidence of that today and emphasize that soft sentiment data hasn’t translated to weaker hard metrics like weekly unemployment claims, which we say every single week on Thursday. We haven’t seen any deterioration in those weekly unemployment claims.
SPEAKER 06 :
And we had retail sales pop up, meaning people might have front-ended some purchases because of the tariffs, but bottom line is they apparently had some spending power to do it, right? So that turned out pretty…
SPEAKER 05 :
pretty significant as well so i like this guy i’m going to put this guy down and i’m going to follow him on x whatever i need to find him bmo’s young dash u y u ma m a and his final sentence here i totally agree with he says the narrative is going to change in a couple of months He concluded, forecasting improved business confidence as trade uncertainties resolve. Now, there’s a smart guy. Maybe he’s been wrong every other time. I don’t know. I have to look at his track record.
SPEAKER 06 :
I tell you, another kind of credit to analysts I’ll give is United today. They came out with essentially two earnings outlooks, right? They’re one under this scenario and one under a different scenario, which companies don’t, surprisingly enough, actually don’t do very often.
SPEAKER 05 :
Okay, well, UAL also reported a very good earnings report, and the stock’s up 3.2% here today, United Airlines. Okay, the other one that’s on my good list is Oppenheimer. Oppenheimer, their top picks are NVIDIA, Broadcom, and Marvell. I couldn’t agree more. Those are the three best chip stocks out there. at the current time. And eventually this whole chip thing will get involved, will get resolved. I’m not a fan, really, of any other chip stock that I can think of. I’m trying to think. But Marvell.
SPEAKER 06 :
AMD has been constructive lately, but, I mean, it’s still not a name.
SPEAKER 05 :
There’s something I don’t like about it.
SPEAKER 06 :
It’s still not a name that we’re itching to jump into.
SPEAKER 05 :
I don’t have a lot of faith there for some reason because there’s so much still linked to PC sales.
SPEAKER 06 :
Certainly.
SPEAKER 05 :
And, you know, but Marvell is more data center, and Marvell has got a very low forward PE ratio. I want to say 13 or 14, something like that. And Broadcom also has a very low forward PE ratio, too, and could be a candidate for the value slash relative value portfolio. I think I made a couple, two or three buys in that thing yesterday. Okay, Ecolab announces a 5% trade surcharge in the U.S. So I use this as an example. I think this is how you’re going to see these tariffs show up as surcharges until things get resolved. Just like Waffle House put a $1.50 surcharge on a three-egg omelet, 50 cents per egg. You know, I can remember times I used to go tuna fishing off of San Diego, and you had to go 100 miles offshore to get to those tuna. Sometimes they came within 20 miles. That was really nice when that happened. But back when we had extreme gas price volatility, they would, okay, you’ve got to pay another $30 for today’s tuna trip. It’s a fuel surcharge. Right. So they’re temporary charges until things get resolved. And I see that happening as a way like eco labs. You know, they do a lot of different things for janitorial supplies and things like that. And they’re putting a 5 percent trade surcharge. So you have your choice. You don’t have to buy their products. And if you do, you’re going to have to eat part of the tariff. Okay, and here’s a cottage industry. I wish I was a European country and could just sue U.S. tech companies. I think that should be part of the trade negotiations with Europe. Google is sued for $6.6 billion in the U.K. for abusing search engine dominance. Should we fine Rory McIlroy for dominating the golf, the fairways? That last drive he made was just unbelievable, just so picture perfect in the playoff. But that’s a cottage industry for Europe, regulating and charging and fining American tech companies. We’ll be right back.
SPEAKER 02 :
We’ll see you next time.
SPEAKER 05 :
And welcome back here to the final segment of today’s Best Docs Now show. Well, let’s take a look at some individual companies here today. Let’s begin with Nutex. Okay, this is one that has come up on my radar recently, and I don’t own it. But there’s something going on there. This thing has just taken off. It is headquartered in Houston, Texas. where hopefully we’ll get to before the end of the year. Our show is heard in Houston on a daily basis, Monday through Friday. Yes, and it’s a note on NewTex. Yes, NewTex is a micro-cap, $730 million in market capitalization. So it’s not even a billion-dollar company yet. But I show $8.36 in earnings expected this year, and I see that they operate a technology-enabled health care services program. uh… of some sort okay so i’m gonna have to do some research on the company uh… they call it the future of health care there are health management and they operate uh… into divisions a hospital division and a population health division i don’t know what that is uh… that one worries me a little bit but i’m going to take a look into the company because the stock has been rocketing higher, and it only has a PE ratio of 15.
SPEAKER 06 :
And Houston’s a huge medical hub, too.
SPEAKER 05 :
Yeah, I guess it is, really.
SPEAKER 06 :
Especially on the cancer side, for sure.
SPEAKER 05 :
Yes. NUTX is the symbol here, N-U-T-X. I talked to a radio guy yesterday, or he contacted me in Dallas. I really enjoyed having a show in Dallas and going there. But right now there’s not a station out there that has a Monday through Friday spot. They have weekend spots. which I could do a best of, maybe. I would still consider doing that, but I got called from the station that runs the Dallas Cowboys. I don’t know if that’s a good thing or a bad thing, the way the Cowboys have been lately, but I’m sure plenty of people listen to it. K-Sky. Want me to run a morning Saturday show there. So, you know what, we’ll think about it. But right now, I prefer weekdays. But NewTex in Houston, where we’re heard weekdays on Salem’s affiliate down there. Okay, so keep your eye on NUTX. The next one I want to talk about, and this is at the opposite end, Pershing Square, you know what? I get so sick of Bill Ackman. He is a media hound, okay? His results have really not been that good over the years. He’s had a lot of bad calls. He’s taking a large stake in Hertz Global, okay? It soars after Pershing Square takes a large stake. Well, I’ve always said, follow your gurus wisely. It’s up 15% today, but Hertz has been hurting. They made that huge mistake with all the Teslas. They’ve had fallen earnings. Let’s see how it works out for Bill Ackman, okay? Mark this one on your things to do. Check it three months from now. It’s at $4.20. It’s barely hanging in there as a company, as Hertz, headquartered in Estero, Florida, by the way.
SPEAKER 06 :
Well, I mean, I guess the one thing I guess you could argue is that – besides the tesla piece that maybe their you know fleet of cars would be worth more as used car prices would go up say under some long tariff scenario but you know other than that it seems other than that it seems like a kind of a not a great play i would say they’re a victim of uber and left big time yeah i mean right i don’t you don’t need a rental car a lot of times anymore right i mean if you want to get around it’s easy to get around
SPEAKER 05 :
Okay, Hewlett-Packard keeps a bullish view. Now, Bank of America yesterday was recommending the Trojan Company. I’m trying to think of the name of it right now. I can’t think of it, but it will come to me in a minute here. But today they’re recommending Hewlett-Packard Enterprise. I can’t think of a worse pick. Then Hewlett Packard Enterprise, HPE, which has gone nowhere for years. But, you know, okay, so there’s another form of investing. Follow the activists. nelson pelts right uh who are some of these well-known activists starboard capital that go in there and shake companies up and try to change the management disney was under attack for a long time by an activist i’ve never seen that as a good investment strategy in this case it’s elliott management they took a 1.5 billion dollar stake in the company which is usually a temporary stake, but it gets them enough say in the company to try to get changes made at the top. Personally, I’ve watched these activist investors over to Carl Icahn, another one. I’ve watched these guys over time. It may work for them.
SPEAKER 06 :
That’s what I was going to say. If it works for any person, it works for them.
SPEAKER 05 :
The activists themselves. That’s who benefits. Okay, another one on my radar is WGS. This is a powerhouse. It’s about $3 billion in market cap. Sales growing very rapidly. We don’t own it. but they provide the centralis health intelligence platform deliver it’s a high in developing new drugs and i think there’s a couple of plays here Number one, this moving away from animals to AI. Believe it or not, during the years I was a scoutmaster for many years, I had several good senior patrol leaders that were sharp kids. And one of them ended up being a chief scientist at Sertara back on the East Coast. It’s in Massachusetts. And they had a way around studying drugs without using animals. So he was one of the smartest kids. He ran the troop, Barry. I just sat back and did nothing. This kid was a genius. His brothers were geniuses. One’s the CEO of a semiconductor company in the Bay Area. His father, their father worked for a big company. tech company out of the early days of Silicon Valley and whatnot. But anyways, this kid is the chief scientist at Certara, C-E-R-T, which is benefiting from this move away from animal testing. And WGS is the other one to keep an eye on. And then the last two I’d mention are Travelers and Progressive, both having very good days today. The insurance stocks have been a leading sector. We’re out of time. I’m going to hear the music here in a minute. There has never been a better time to be value shopping. I’m going to put in another plug for my brand new relative value slash value portfolio, which also aims at favorable tax treatment, long-term gains, and less volatility than a pure growth fund. Make an appointment with us. Talk to us. 855-611-BEST. 855-611-BEST. Our next trip, Lakewood Ranch in the Sarasota area. We’ll be announcing the date soon. Have a great day, everybody.
SPEAKER 04 :
This show is not a solicitation to buy or sell any securities. Bill Gunderson or clients of Gunderson Capital Management may have long or short positions in stocks mentioned during the show. Past performance is not indicative of future performance. Gunderson Capital Management is a fee-based registered investment advisory firm. All accounts are held at Charles Schwab. Schwab is a member of SIPC and FINRA.
